Show HN: Dogecoin Average - the price of Doge • Hacker News Board

Re: Show HN: Dogecoin Average - the price of Doge

#11

Post by Two9A » Wed, Jan 22, 2014, 6:02 PM UTC

adrianwaj wrote: post #2

Hi, does the JSON offer a straight global average (rather than individually by market) and then ideally a USD conversion from bitcoinaverage (that site is open-sourced if you didn't know - but integrations need to built per exchange.) You may want to open this one too.

It does!

All the fiat currency values are calculated by taking the weighted averages in DOGE, and multiplying by the price of 1 BTC from BitcoinAverage.

If you don't see what you're looking for here, let me know: http://dogecoinaverage.com/USD.json

Re: Show HN: Dogecoin Average - the price of Doge

#12

Post by Two9A » Wed, Jan 22, 2014, 6:05 PM UTC

deleted_account wrote: post #4

Ok, so we now have Bitcoin, Litecoin, and...Dogecoin, "an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide" Can we officially declare that crypto-currencies have jumped the shark?

Cryptsy, the crypto-currency exchange, have over a hundred markets running right now. Some of them are more active than others, of course.

Re: Show HN: Dogecoin Average - the price of Doge

#13

Post by Two9A » Wed, Jan 22, 2014, 6:07 PM UTC

sliverstorm wrote: post #5

I don't mean to be critical, and maybe I'm missing a UI element, but charts that cannot be scaled on the X axis (i.e. select a timeframe) are not very useful.

Mm. I've followed the example of Bitcoin Average in this instance, who have a fixed 24h chart on the homepage. The backend can already cope with pulling data for a chart that's wider (or indeed, shorter) in timescale, so that may change when I've collated more data.

Re: Show HN: Dogecoin Average - the price of Doge

#14

Post by stevenwagner » Wed, Jan 22, 2014, 6:08 PM UTC

http://themisescircle.org/blog/2013/08/22/the-problem-with-a...

Re: Show HN: Dogecoin Average - the price of Doge

#15

Post by GigabyteCoin » Wed, Jan 22, 2014, 6:08 PM UTC

deleted_account wrote: post #4

Ok, so we now have Bitcoin, Litecoin, and...Dogecoin, "an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide" Can we officially declare that crypto-currencies have jumped the shark?

Dogecoin was probably the 200th altcoin released so far... we still have a long way to go. Check out this list for some of the larger ones: http://coinmarketcap.com

Take all the numbers listed there with a grain of salt, though.

Re: Show HN: Dogecoin Average - the price of Doge

#16

Post by deleted_account » Wed, Jan 22, 2014, 6:09 PM UTC

codewiz wrote: post #6

This other site shows market cap for all the notable cryptocurrencies, including Dogecoin: http://coinmarketcap.com/

This is amazing. This page should just be the top link on any Bitcoin discussion: "Guys, guys, guys, I'm feeling really bullish on Sexcoin. Does anyone have the Winklevoss' phone number?"

Re: Show HN: Dogecoin Average - the price of Doge

#17

Post by GigabyteCoin » Wed, Jan 22, 2014, 6:09 PM UTC

rthomas6 wrote: post #8

deleted_account wrote: post #4

Ok, so we now have Bitcoin, Litecoin, and...Dogecoin, "an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide" Can we officially declare that crypto-currencies have jumped the shark?

Such cynicism.

Please. This is HN, and you know it. Your account was registerd over 2,000 days ago.

Stop with the pointless comments.

Re: Show HN: Dogecoin Average - the price of Doge

#18

Post by willholloway » Wed, Jan 22, 2014, 6:10 PM UTC

The signal to buy was when Dogecoin volume doubled Bitcoin volume. You had a couple days before the world realized how underpriced Doge was. Doge was around 45-50 Satoshis then.

Funding the Jamaican bobsled team, and tapping into Cool Runnings millenial nostalgia was a great PR move by the Doge community.

The recent price correction is probably due to mining pools jumping in when profitability soared before difficulty adjusted.

The Doge community has a saying "To the moon!". Moon being defined by many as $1 per coin.

Edit:

Watch the video at http://howtodoge.com to get a feel for the community effort to go "to the moon!"

Re: Show HN: Dogecoin Average - the price of Doge

#19

Post by vectorpush » Wed, Jan 22, 2014, 6:15 PM UTC

deleted_account wrote: post #4

Ok, so we now have Bitcoin, Litecoin, and...Dogecoin, "an open source peer-to-peer cryptocurrency, favored by Shiba Inus worldwide" Can we officially declare that crypto-currencies have jumped the shark?

Bitcoin, Litecoin, and...Dogecoin

And dozens more.

http://coinmarketcap.com/

I think you've come to the wrong conclusion. Doge might be a funny name, but the crypto is real and so is its trade value against bitcoin. What we're seeing here is that Satoshi's idea is so valuable that it empowers a community to arbitrarily construct a functioning decentralized financial platform, even as a joke.

We're just touching the surface of what cryptocoins are going to mean in the future.

Re: Show HN: Dogecoin Average - the price of Doge

#20

Post by willholloway » Wed, Jan 22, 2014, 6:17 PM UTC

sliverstorm wrote: post #5

I don't mean to be critical, and maybe I'm missing a UI element, but charts that cannot be scaled on the X axis (i.e. select a timeframe) are not very useful.

I agree. This price chart makes it look like Doge is in a downtrend. This chart is after price jumped ~500%